For the ninth consecutive year, 91-year-old shopping mogul Henry Sy topped the list with his net worth of $13.7 billion, a drop from his $14.4-billion net worth in August 2015.

JG Summit Holdings' John Gokongwei Jr. remained in the second spot with a net worth of $6.8 billion while the Aboitiz family ranked third with $5 billion.

Rank

Name

Net Worth

Age

Origin of Wealth

1

Henry Sy

$13.7 B

91

SM Investments Corporation

2

John Gokongwei, Jr.

$6.8 B

90

diversified

3

Aboitiz family

$5 B

Aboitiz & Company

4

Lucio Tan

$4.9 B

82

diversified

5

George Ty

$4.6 B

83

banking

6

Tony Tan Caktiong

$4.3 B

63

fast food

7

Jaime Zobel de Ayala

$4.1 B

82

diversified

8

Enrique Razon, Jr.

$3.5 B

56

ports

9

David Consunji

$3.1 B

94

construction

10

Andrew Tan

$3 B

64

diversified

11

Lucio and Susan Co

$2 B

61

retail

12

Manuel Villar

$1.8 B

66

real estate

13

Robert Coyiuto, Jr.

$1.7 B

63

power

14

Inigo & Mercedes Zobel

$1.5 B

60

diversified

15

Gotianun family

$1.3 B

real estate

16

Ramon Ang

$1.21 B

62

diversified

17

Edgar Sia II

$1.2 B

39

fast food

18

Roberto Ongpin

$1.19 B

79

diversified

19

Dean Lao

$1.15 B

57

chemicals

20

Eduardo Cojuangco

$1.14 B

81

food and drinks

21

Yap family

$1.1 B

90

banking

A new Filipino billionaire, mall and residence developer Edgar Sia II, enters the list in the 17th spot with a net worth of $1.2 billion.

The heirs of the late Andrew Gotianun also makes a debut among the nation's record 21 billionaire families with a net worth of $1.3 billion. Andrew's wife, Mercedes, serves as chairman emeritus at Filinvest Development while their daughter Josephine leads the company.

Several Filipino tycoons did not experience a lift in their net worths, Forbes reported.

Latest data measuring inequality from the World Bank show that the wealthiest 20 percent of the Filipino population earned nearly half or 49.6 percent share of the income in 2012. The poorest 20 percent of Filipinos, meanwhile, only shared 5.9 percent.

Las Vegas matchmaker Sean Gibbons described WBA welterweight champion Lucas Matthysse of Argentina as a dangerous opponent because of his raw punching power but said Sen. Manny Pacquiao, if he’s in tip-top condition, should win when they clash in Kuala Lumpur on June 24.

Oscar de la Hoya is expected to fly into Manila to formally launch the WBA welterweight title fight between defending champion Lucas (The Machine) Matthysse of Argentina and challenger Sen. Manny Pacquiao in Malaysia on June 24 with the legendary Golden Boy making his first visit to the country of the man who ended his career in 2008.